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FinTech

Italy’s first fintech hub comes to Milan

The Italian Ministry of Economy and Finance and the City of Milan have opened the “Milan Fintech District”, the country’s first hub dedicated to businesses in the financial industry.

The hub is for start-ups, entrepreneurs, financial institutions, investors and universities to foster development and growth.

Pier Carlo Padoan, Minister of Economy and Finance, says the hub “benefits all businesses and citizens as it fosters opportunities which enable job and value creation”.

Milan’s Fintech District will be located at the new Palazzo S32 in Via Filippo Sassetti 32, a development where companies and fintech start-ups will also find office space and co-working facilities. This follows similar set-ups in other European cities, such as Level39 in London or Station F in Paris.

The district is promoted by Sellalab, Gruppo Banca Sella’s fintech accelerator, and Copernico, the workspace platform promoting smart working.

Thirty firms – from start-ups to established corporates – have already selected the district as their home; including working in crowdfunding, peer-to-peer lending, blockchain and cryptocurrency-based technologies, and robo-advisory.

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